NEW YORK — Merrill Lynch & Co. on Thursday issued its latest assessment of the damage it has suffered from the credit crisis: its fourth straigh...
Silicon Alley Insider | Michael Learmonth | Posted 07.16.2008 | Business
Merrill Lynch (MER) has reached a deal to sell its 20% stake in Bloomberg LP for $4.5 to $5 billion, the WSJ reports. The buyer: Bloomberg LP, which h...
DealBook | Posted 07.08.2008 | Business
Hedge funds are on a hiring binge, taking advantage of cutbacks at investment banks. Star traders, senior executives and whole teams have been recruit...
The New York Times | LOUISE STORY | Posted 06.16.2008 | Business
Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of th...
John Tepper Marlin | Posted 06.04.2008 | Green
If Ceres Climate Change ratings had been used as a proxy for long-term thinking, they would have been helpful. They would, in the context of the illiquidity of the credit markets, have been a good predictor of the Bankers Panic of 2008.
Max Keiser | Posted 06.03.2008 | Business
If a tree falls in the woods and nobody hears it fall, does that stop Goldman from collateralizing the sound and selling it as a hedge against some statistical probability worked out by a 'quant'?
Jerry Weinstein | Posted 06.02.2008 | Media
Think of it as the Big Bang of Video.
Posted 05.27.2008 | Business
The AP's Amy Westfeldt reports on the attempts to lure Merrill Lynch to the World Trade Center: Dangling millions of dollars — sometimes billio...
Henry Blodget | Posted 04.17.2008 | Business
Merrill Lynch's mortgage gambling tab keeps growing. Thankfully, Merrill is addressing the problem: It's firing 4,000 people who had nothing to do with the losses.
AP | JOE BEL BRUNO | Posted 04.17.2008 | Business
NEW YORK — Merrill Lynch & Co., the world's largest brokerage, on Thursday said it would cut another 3,000 jobs after more than $6.5 billion of ...
Fortune's Stanley Bing | Posted 04.09.2008 | Business
A social network? Us? Could that be? Every day we have as serious a discussion of current business-related events as the facts warrant!
CNBC | Posted 04.02.2008 | Business
Merrill Lynch is now planning to cut 10% to 15% of its workforce--excluding brokers--sometime in May, CNBC has learned. Merrill Lynch CEO John Thain ...
Reuters Via CNBC | Posted 03.10.2008 | Business
U.S. bank Merrill Lynch will not need to return to the market again following the turbulence in credit markets that forced it to raise nearly $13 bill...
AP | JIM ABRAMS | Posted 03.07.2008 | Business
WASHINGTON — Three corporate executives called in for a shaming by Democratic lawmakers Friday defended raking in hundreds of millions of dollar...
CNBC | Charlie Gasparino | Posted 03.04.2008 | Business
Citigroup's job cuts could reach 30,000 or more over the next year and a half because of increasing writedowns from subprime-related debt, CNBC has le...
Wall Street Journal | LINGLING WEI, RANDALL SMITH | Posted 03.03.2008 | Business
After suffering a beating from their exposure to home loans, banks and securities firms are about to take their lumps from office towers, hotels and o...
Wall Street Journal | Kate Kelly, Peter Eavis | Posted 02.24.2008 | Business
At a recent investor meeting, Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein made a wry apology for arriving late. "This is the wrong time ...
Wall Street Journal | David Gaffen | Posted 02.22.2008 | Business
Fannie Mae and Freddie Mac seemingly hit bottom long ago, but they're still digging. Shares of the government-sponsored mortgage guarantors have decli...
Motley Fool | Tim Hanson | Posted 02.15.2008 | Business
Six -- count 'em, six -- major financial firms now declare that the United States is in recession. That list includes heavyweights such as Goldman S...
Reuters | Posted 01.31.2008 | Business
Merrill Lynch & Co Inc (MER.N: Quote, Profile, Research) said on Wednesday top executives did not receive bonuses for 2007 after the world's largest b...
Wall Street Journal | David Gaffen | Posted 01.31.2008 | Business
The admissions of greater-than-expected writedowns from Swiss bank UBS, along with reports out of major Japanese institutions, means the total amount ...
Jacki Zehner | Posted 01.25.2008 | Business
Mortgage giants are in deep trouble already. To include them in quickfixonomics would be an irresponsible act.
Robert L. Borosage | Posted 01.23.2008 | Politics
Now the top five Wall Street banks have announced that they are paying their employees a record $39 billion in year end bonuses. So much for pay for performance.
Los Angeles Times | David G. Savage | Posted 01.22.2008 | Business
The Supreme Court today dismissed a huge lawsuit growing out of the Enron debacle that sought to hold Wall Street bankers liable for scheming with the...
Hale "Bonddad" Stewart | Posted 01.18.2008 | Politics
The question on everybody's lips is what the hell is happening? Are we in a recession? Why are the markets tanking so hard? Below I will explain what is going on.
Before the largest crowd of his campaign, Democratic presidential contender Barack...
**UPDATE 7/25** ThinkProgress now reports that the bar...
Major news organizations are drawing...
There is one more John McCain gaffe that...
As we have observed throughout the last several years,...
In a flagrant political act, the State Department has...
John McCain's famously cozy relationship with the press is getting a bit testy. Taking questions in...
** Update below: Nas delivers Fox petition to Stephen...
BARCELONA, Spain — Christian Bale swept into Barcelona on Wednesday night to attend a...
HOUSTON — A "dead zone" in the Gulf of Mexico off...
A chimp in Japan escaped the sweltering confines of his cage, and a zookeeper with a tranquilizer gun...
WASHINGTON — Rescue legislation sailed through the House on Wednesday aimed at...
AP | JOE BEL BRUNO | Posted 07.17.2008 | Business